TNB & Partners in association with Norton Rose Fulbright > Jakarta, Indonesia > Firm Profile

TNB & Partners in association with Norton Rose Fulbright Offices

TNB & Partners in association with Norton Rose Fulbright
EQUITY TOWER, LEVEL 33, SUDIRMAN CENTRAL BUSINESS DISTRICT, JALAN JEND
SUDIRMAN KAV. 52-53
JAKARTA 12190
Indonesia
Visit website 62 21 2965 1800 62 21 2965 1808

TNB & Partners in association with Norton Rose Fulbright > The Legal 500 Rankings

Indonesia > Aviation Tier 1

Counting China Aircraft Leasing Group, CDB Aviation Lease Finance and Merx Aviation among its key roster of clients, TNB & Partners in association with Norton Rose Fulbright fields a strong aviation finance practice and acts for a variety of financiers and lessors of Indonesian airlines. Banking and finance expert Tasdikiah Siregar leads the team and standouts for her expertise in aviation finance matters. Siregar, who is a member of the Aviation Working Group for Southeast Asia, is supported by associate Wira Saputra.

Practice head(s):

Tasdikiah Siregar

Other key lawyers:

Wira Saputra

Key clients

BOC Aviation Limited

AerCap (including GE Capital Aviation Services)

Merx Aviation Servicing Limited

JSA International U.S. Holdings, LLC

BBAM

Regional One

Plane Invest

MUFG Bank, Ltd.

China Aircraft Leasing Group Holdings Limited

Carlyle Aviation Management Limited (including AMCK Aviation)

Dubai Aerospace Enterprise (DAE) Ltd

Aerostar Management Pte Ltd

Work highlights

  • Assisted Aminvestment Bank Berhad as facility agent for a number of financiers in a restructuring of financing to Weststar Aviation Services Sdn. Bhd. relating to several aircraft, a number of which were leased to PT Weststar Aviation Indonesia.

Indonesia > Banking and finance Tier 2

TNB & Partners in association with Norton Rose Fulbright handles a large amount of local counsel work for its affiliate firm Norton Rose Fulbright and acts for multinational lenders and large corporations on cross-border banking and finance transactions and regulatory matters. Tasdikiah Siregar heads the practice with over 20 years’ experience in transactional debt finance work and M&A. At the more junior end of the team, associates Wira Saputra and Merlyn Margaretha are recommended, with Saputra a name to note for litigation, and Margaretha offering regulatory expertise.

Practice head(s):

Tasdikiah Siregar

Other key lawyers:

Wira Saputra; Merlyn Margaretha

Key clients

Bangkok Bank Public Company Limited

Sumitomo Mitsui Banking Corporation

ING Bank N.V.

Barclays Bank Plc

Aminvestment Bank Berhad

Japan International Cooperation Agency

Citibank N.A.

PT Bank Central Asia Tbk

Work highlights

  • Assisted Aminvestment Bank Berhad as facility agent for a number of financiers in a restructuring of financing to Weststar Aviation Services Sdn. Bhd. relating to several aircraft, a number of which were leased to PT Weststar Aviation Indonesia.
  • Advising Japan International Cooperation Agency, Citibank (Tokyo, Singapore and Jakarta), PT Bank Central Asia Tbk on two concurrent unsecured financings, each in Japanese Yen and Indonesian Rupiah, to PT Bank Tabungan Negara (Persero) Tbk.
  • Assisted Bangkok Bank Public Company Limited in a $440m financing for the purpose of the acquisition of Star Energy, a geothermal energy company.

Indonesia > Foreign firms Tier 3

The Indonesia practice at Norton Rose Fulbright continues to engage in high-value corporate and M&A transactions across the banking, financial services, oil and gas, energy and telecoms sectors. Based in Jakarta, managing partner Kresna Panggabean leads the team and acts for agribusinesses, oil and gas and mining companies on Indonesian regulatory issues, general corporate matters and commercial disputes. Tasdikiah Siregar advises on M&As and aviation finance matters, while Benny Bernarto has experience in infrastructure, energy and project financing work. Shamim Razavi, who divides his time between the firm's Jakarta and Sydney offices, is another key contact in the group.

Practice head(s):

Kresna Panggabean

Other key lawyers:

Tasdikiah Siregar; Benny Bernarto; Shamim Razavi

Key clients

AXA IM Impact Fund Climate and Biodiversity

Siam Commercial Bank (SCB)

CSG International

ENEOS Corporation

Bangkok Bank Public Company Limited

Sumitomo Mitsui Banking Corporation

Work highlights

  • Advised Siam Commercial Bank on its US$100 million Series E investment for Akulaku Group.
  • Advised ENEOS Corporation on its joint venture with Total Energies to develop on site B2Bsolar distributed generation for clients in Indonesia, Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore and Malaysia.
  • Assisted Bangkok Bank Public Company Limited in a USD440,000,000 financing for the purpose of the acquisition of Star Energy.

Indonesia > Corporate and M&A Tier 4

TNB & Partners in association with Norton Rose Fulbright is affiliated with the international firm Norton Rose Fulbright, which enables the team to advise on cross-border matters with ease. The practice is led by Benny Bernarto and Kresna Panggabean in Jakarta, and Shamim Razavi in Sydney. Bernarto is recommended for M&A and commercial matters, with a focus on the technology, healthcare and real estate sectors, while Panggabean is a name to note for corporate, regulatory and compliance matters.

Practice head(s):

Benny Bernarto; Kresna Panggabean; Shamim Razavi

Testimonials

‘The team is always very responsive and well organised to provide the most to-the-point service to the client.’

‘They are very responsive and ready to provide thoughtful and business-oriented support to the client.’

Key clients

Siam Commercial Bank

Scope Global Pty Ltd

Eneos Corporation

AXA Impact Fund Climate & Biodiversity

Maersk Hong Kong Limited

Itochu Group

CSG International

Oracle Corporation

Abt Associates

Work highlights

  • Advised Siam Commercial Bank on its $100m Series E investment for Akulaku Group. Akulaku Group has presence in seven countries: Indonesia & Hong Kong, Tokyo, Malaysia, Philippines, Cayman Islands & Vietnam.
  • Advised ENEOS Corporation on its joint venture with TotalEnergies to develop on site B2B solar distributed generation for clients in Indonesia, Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore and Malaysia.

Indonesia > Dispute resolution Tier 4

The TNB & Partners in association with Norton Rose Fulbright team is ‘well equipped to provide quality advice on all areas of law that relate to dispute management’. The practice acts for corporations and financial institutions on arbitration, litigation and enforcement matters, and is well placed to handle cross-border matters by virtue of its affiliation with the Norton Rose Fulbright network. Kresna Panggabean heads the team, who ‘has excellent attention to detail and always ensures that work is delivered in a timely and efficient manner’.

Practice head(s):

Kresna Panggabean

Other key lawyers:

Dandi Hamid

Testimonials

‘The team is well equipped to provide quality advice on all areas of law that relate to dispute management.’

‘Being a global organisation, often disputes/matters are cross-jurisdictional and involve work or resolutions in collaboration with stakeholders in other countries.’

‘The TNB team is always willing and able to navigate the complex international and corporate environments.’

‘Customer service is at the forefront of how TNB partners and associates operate.’

‘In particular, Kresna Panggabean has excellent attention to detail and always ensures that work is delivered in a timely and efficient manner.’

‘Kresna Panggabean is also always making himself available to meet our needs.’

Key clients

Timwe Asia Pacific Sdn. Bhd.

PT Pusaka Agro Lestari

PT IOL Indonesia/Bureau Veritas International B.V.

PT Schlumberger Geophysics Nusantara

Indonesia > Restructuring and insolvency

Led by Tasdikiah Siregar and Kresna Panggabean, the team at TNB & Partners in association with Norton Rose Fulbright handles the restructuring of debts, debt settlements and bankruptcy processes.

TNB & Partners in association with Norton Rose Fulbright > Firm Profile

The firm: TNB & Partners works in association with Norton Rose Fulbright Australia and brings together decades of experience of working in Indonesia.

Strategically positioned in the country’s financial and commercial centre in Jakarta, TNB & Partners works exclusively with Norton Rose Fulbright to provide clients with the highest quality legal services and experience in the Indonesian market.

The firm is strong across banking and finance, corporate and commercial work, and actively supports major local and international companies participating in Indonesia’s vibrant emerging economy.

As part of Norton Rose Fulbright’s global platform, the firm can draw on the depth and strength of its global practice. This allows clients to benefit from an international reach in markets and jurisdictions around the world.

Areas of practice: The firm’s key industry sectors include: energy, infrastructure, mining and commodities, financial institutions, transport, technology and innovation and life sciences and healthcare.

Main Contacts

Department Name Email Telephone
Arbitration and dispute resolution
Aviation
Banking and finance
Corporate, M&A and securities
Employment
Energy and natural resources
Foreign and domestic investment
Insolvency and restructuring
Insurance
Intellectual property and franchising
Litigation
Mining and plantations
Mergers and acquisitions
Power
Project finance
Regulation and investigations
Risk advisory
Shipping
Telecommunications

Staff Figures

Number of lawyers : 4,000

Languages

English
Indonesian

Student (Future Lawyers )

The Legal 500 Future Lawyers Verdict

Norton Rose Fulbright is a ‘very international firm – lots of firms claim to be international, but we have 58 overseas offices, so the work here tends to be global and high profile’, said respondents. A remarkable overseas secondment offering has earned the firm a Future Lawyers Winner medal in this category. Trainees receive ‘good exposure across key sectors’, such as ‘energy and project finance’ and work with ‘clients of an excellent calibre’. In terms of environment, the firm is ‘known for having a kind workplace culture’, with some respondents calling NRF the ‘friendliest law firm in the City’. Training, in some teams at least, is ‘structured, which helps ease trainees into the work’. What’s more, ‘all supervisors are partners (unlike at most firms of a similar size), which allows trainees to feel truly integrated into their teams’ and ‘naturally facilitates a better learning environment’. Beyond the impressive work opportunities, NRF also has a 'great location’ and ‘spectacular views over Tower Bridge and The Shard’. On the flip side, ‘working hour expectations are intense, despite being on the better side for a City law firm’ and some recruits feel that ‘internal communication could be improved’. Trainees did not enjoy ‘the transition from seat-to-seat, which can be ‘quite jarring, especially when the team being joined is busy. This is to some extent part of the job, but it can feel quite discouraging’, ‘feelings of burn out’, nor ‘working with a supervisor who was difficult to talk to’. But ‘attending the Project Finance International Awards with a client’, ‘experiencing the negotiation of a power purchase agreement from the instruction to the signing’, and ‘being told the team would love to have me back at the end of my seats - it made me feel like my hard work had paid off’ more than made up for the low points. For a firm with a ‘truly global network’, a ‘distinct sector focus’, and colleagues who are ‘friendly, welcoming and open’, take a closer look at Norton Rose Fulbright.